Question: please answer this questions short answer is fine .2. - Emma has finished paying her parenE and decides that she will divert most of those
please answer this questions short answer is fine

.2. - Emma has finished paying her parenE and decides that she will divert most of those paymenE towards her daughter's RESP and her own RESP. She will divert S monthly to her RRSP. Her daughter has just turned 4 years old and will enter university when she is 13 years old. Emma expects her daughter to contribute to her own education but plans to have $42,901:] available when her daughter starE university. [RESPs have government grants; RRSP have tax deferrals and refunds and both have withdrawal rules. These will be ignored here. Only the taxfree growth will be assumed.) Emma has assembled a portfolio for her RRSP that will return 5.2% compounded monthly. The education portfolio will return 3.3% compounded monthly. 3. I How much must Emma deposit monthly to fund her daughter's education as planned? b. I Emma' daughter is now lyears old. The education portfolio has been increasing in value according to plan. Emma's parents have offered to provide 52,3013 to their granddaughter for her 13"1 birthday for use towards her university. Does Emma need to continue contributing to her daughter's education fund for the remaining two years?l If so, how much must the monthly amounts be for the remaining 2 years c. I Emma would like to retire 25 years after her daughter begins university. She would like to have $1.1M in her fund at retirement. If she increases her deposits by 50% once her daughter begins university, will Emma achieve hergoal?I If there is a shortfall, determine how much; if there is a surplus, determine how much
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